Brisbane Industrial and Logistics Figures Q1 2026

Key Points:

• Gross take-up increased marginally compared to 4Q25, with around 112,000 sqm (transactions >4,000 sqm) of floorspace leased. Leasing demand is increasingly focused on high-quality assets.
• New floorspace added to the market in 1Q26 totalled c.155,000 sqm, which represents close to 40% of the 2026CY supply. The pre-commitment level for the 2026-2028 supply pipeline is close to 40%.
• Tight vacancy conditions continue to support rental growth, with net face rents increasing across all asset grades, while elevated incentives are moderating effective rental growth.
• Land values continue to trend upward, underpinned by limited serviced land supply and rising construction costs, with both 1.6ha and 0.25ha lots recording continued quarterly growth.
• Investment sale volumes in 1Q26 totalled approximately AUD 140 million. The CY2025 total was AUD 2.8 billion, almost double the long-run average of AUD 1.5 billion.
• Yields across Brisbane were broadly stable over the quarter, with slight outward movement recorded for super prime and prime assets.